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ID H0133
Bill
Status
2/11/2021
Primary Sponsor
Transportation and Defense Committee
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AI Summary
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Increases sales tax allocation to transportation expansion and congestion mitigation fund from 1% to 3%, with a minimum floor of $1,545,000,000 annually, contingent upon the distribution immediately following revenue-sharing account distributions in Section 63-3638, Idaho Code.
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Raises the certificate of title fee from $142.00 to $142.00, with $28.00 from each transaction (but not less than $15,000,000 per state fiscal year) continuously appropriated and allocated to local units of government for transportation projects under Section 40-709, Idaho Code.
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Establishes that the transportation expansion and congestion mitigation fund finances both state projects (evaluated by Idaho Transportation Department and chosen by the Transportation Board) and local projects (evaluated and chosen by local units of government) to address traffic congestion, maintenance, and bridge repair.
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Authorizes the Idaho Housing and Finance Association to issue bonds secured by fund moneys, contingent upon 40% of disbursed moneys being available to local units of government for approved local transportation projects complying with U.S. Treasury tax-exempt bond regulations.
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Requires that state transportation projects prioritize mitigation of traffic congestion from the state campus site at 11311 West Chinden Boulevard in Boise when approved by the Transportation Board.
Legislative Description
Amends existing law to provide for new state and local transportation funding sources through a sales tax adjustment, a certificate of title fee adjustment, and certain local funding opportunities through a revised Transportation Expansion and Congestion Mitigation Fund Program.
TRANSPORTATION
Last Action
Reported Printed and Referred to Transportation & Defense
2/12/2021